PM: Project moving in right direction

PRIME Minister James Marape says Papua LNG project is finally moving in the right direction after the signing of fiscal stability agreement yesterday.
Marape assured investors that PNG has a vibrant democracy.
He was at the signing of the project’s fiscal stability agreement at the Government House yesterday.
“We appreciate very much that this project has now been moved,” Marape said.
“The Government will ensure that all necessary support is procured for this project to be moved as our project developer moves into the FEED phase.
“Our country is moving into exciting years ahead.
“Let me sound this out to our investors: Today (yesterday) is a testament to what democracy in PNG is all about, irrespective of the politics that is at play.
“Our economy is in a very vibrant democracy. Our rule of law prevails, our judiciary always presides over matters that are in conflict.
“Our country has not terminated any project agreement during the life of the contract.”
He apologised if the Government had caused “a little bit of stress to investors”.
“The Government provides the social licensing, provides the security also,” he said.
“It needs to ensure that all ticks that need to be ticked are ticked, with respect to the laws that we have.”